Fed’s Musalem: Time may be nearing for a change in the policy rate

  • Monetary policy is moderately restrictive
  • Labor market is no longer overheated
  • Labor market no longer clear upside risk to inflation
  • Recent data have bolstered my confidence on inflation
  • Risk to both sides seem more balanced
  • Time may be nearing for a change in policy
  • Sees GDP growth 1.5% to 2.0% in H2

It doesn’t get any clearer than this, he’s ready to support a rate cut in September. He’s also a voter in 2025 and sounds like he’s ready to support a rate cutting cycle.

This article was written by Adam Button at www.forexlive.com. Source